SEC brings record number of enforcement actions against advisers

Financial Planning
November 02, 2016

The SEC brought a record number of enforcement actions over the past fiscal year, setting all-time highs for cases brought against investment advisers and investment companies, the agency announced this week.

In the fiscal year that ended Sept. 30, the SEC filed 868 enforcement actions against various players in the financial-services sector, including 258 cases against investment advisers or companies. That mark is up from 807 enforcement actions in fiscal 2015, and 755 cases brought in 2014.

In total, the commission won judgments against firms and individuals totaling more than $4 billion in penalties and disgorgements. Read More.